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Community bitcoin mining  why would you waste energy | Upload Society

Bitcoin Mining: Why Would You Waste Energy

by: Moon Apple
bitcoin mining  why would you waste energy | Upload

In Canada, lettuce grows on heat generated by bitcoin mining. In his software company annex fish and vegetable nursery, entrepreneur Bruce Hardy produces food in a semi-closed cycle. In doing so, he reuses the heat that the energy-absorbing blockchain technology delivers.
Bitcoin symbols

Sustainable Agriculture Heats Through Bitcoin Mining

Bitcoin mining costs a lot of energy because computers need a lot of computing power. Put; mining ensures that the cryptocurrency can be traded decentrally in a safe manner. Blockchain, the technological infrastructure behind Bitcoin, is increasingly being used because of its decentralized, transparent, and safe character.

The American bank Morgan Stanley estimates that bitcoin mining's power consumption in 2018 will be 120 to 140 terawatt-hours, Bright wrote earlier. By way of comparison: according to Statistics Netherlands, electricity consumption in the Netherlands has just dropped slightly below 120 terawatt-hours in recent years. This means that bitcoin miners consume as much energy as the Netherlands uses in a year. Now bitcoin mining mainly generates money for the miners themselves and the financial market.

Blockchain And Sustainability

Blockchain also offers sustainability opportunities, but the energy consumption that validates the data can be a stumbling block. In a pilot study by Wageningen University & Research and TNO (Netherlands), bitcoin mining's negative climate impact is mentioned as a downside for the application of blockchain technology in the agrifood sector.

Recommended: Blockchain For Sustainability: A Better World

Aquaponics, growing fish, and vegetables at the same time

Aquaphonics, blue tanks with fish

Recommended: Urban Agriculture Growing Food On A Rooftop

Aquaponics is a system in which bacteria convert the waste produced by fish into nutrients for crops. The plants absorb these nutrients and filter the waste from the water. The clean water goes back to the fish, which reuses it. This keeps the circle in the semi-closed system. This ultimately yields two products for food consumption: vegetables and fish.
The concept has been around for some time. For example, farmers in countries such as China, Thailand, and Indonesia have been growing fish in rice fields for a long time. But by adding technology to the already old aquaponics technology, a new, innovative system is created with large-scale production opportunities. The infographic below shows how it works.
Inphographic aquaphonics
Before you go!

Recommended: Energy Storage In Bricks: Your Home As Powerhouse

Did you find this an interesting article, or do you have a question or remark? Leave a comment below.
We try to respond the same day.

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Send your writing & scribble with a photo to [email protected], and we will write an interesting article based on your input.

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I'm interested in everything that has to do with sustainability. My house is solar powered and I have my own water supply and filtering system.  I grow my own vegetables and fruit. Most of the time I go on the road by bicycle and for long distances I use public transport.

I'm interested in everything that has to do with sustainability. My house is solar powered and I have my own water supply and filtering system.  I grow my own vegetables and fruit. Most of the time I go on the road by bicycle and for long distances I use public transport.

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Bitcoin Mining: Why Would You Waste Energy

In Canada, lettuce grows on heat generated by bitcoin mining. In his software company annex fish and vegetable nursery, entrepreneur Bruce Hardy produces food in a semi-closed cycle. In doing so, he reuses the heat that the energy-absorbing blockchain technology delivers. Sustainable Agriculture Heats Through Bitcoin Mining Bitcoin mining costs a lot of energy because computers need a lot of computing power. Put; mining ensures that the cryptocurrency can be traded decentrally in a safe manner. Blockchain, the technological infrastructure behind Bitcoin, is increasingly being used because of its decentralized, transparent, and safe character. The American bank Morgan Stanley estimates that bitcoin mining's power consumption in 2018 will be 120 to 140 terawatt-hours, Bright wrote earlier. By way of comparison: according to Statistics Netherlands, electricity consumption in the Netherlands has just dropped slightly below 120 terawatt-hours in recent years. This means that bitcoin miners consume as much energy as the Netherlands uses in a year. Now bitcoin mining mainly generates money for the miners themselves and the financial market. Blockchain And Sustainability Blockchain also offers sustainability opportunities, but the energy consumption that validates the data can be a stumbling block. In a pilot study by Wageningen University & Research and TNO (Netherlands), bitcoin mining's negative climate impact is mentioned as a downside for the application of blockchain technology in the agrifood sector. Recommended:  Blockchain For Sustainability: A Better World Aquaponics, growing fish, and vegetables at the same time Recommended:  Urban Agriculture Growing Food On A Rooftop Aquaponics is a system in which bacteria convert the waste produced by fish into nutrients for crops. The plants absorb these nutrients and filter the waste from the water. The clean water goes back to the fish, which reuses it. This keeps the circle in the semi-closed system. This ultimately yields two products for food consumption: vegetables and fish. The concept has been around for some time. For example, farmers in countries such as China, Thailand, and Indonesia have been growing fish in rice fields for a long time. But by adding technology to the already old aquaponics technology, a new, innovative system is created with large-scale production opportunities. The infographic below shows how it works. Before you go! Recommended:  Energy Storage In Bricks: Your Home As Powerhouse Did you find this an interesting article, or do you have a question or remark? Leave a comment below. We try to respond the same day. Like to write your article about bitcoins or energy? Send your writing & scribble with a photo to  [email protected] , and we will write an interesting article based on your input.
Stay Updated on Environmental Improvements And Global Innovations